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HomeMy WebLinkAbout2006 ATM-CV-ARTICLE 25-FUNDING FOR WATER STORAGE TANKS OF NORTH qti et.lEO is U p 0^yq9 9SSNCHUSES TOWN OF NORTH ANDOVER OFFICE OF THE TOWN CLERK 120 MAIN STREET NORTH ANDOVER, MASSACHUSETTS 01845 Joyce A.Bradshaw,CMMC Telephone(978)688-9501 Town Clerk Fax (978)688-9557 E-mail Bradshaw(dtownofnorthandover.com This is to certify that the following vote was taken on Article 25 on June 5, 2006 at the Dissolved Annual Town Meeting for the Town of North Andover held May 8, 2006, June 5, 2006 and June 6, 2006: Article 25. Funding For Water Storage Tanks. UNANIMOUSLY VOTED that $5,781,061 is appropriated for the construction of water tanks, including without limitation all costs thereof as defined in Section 1 of Chapter 29C of the General Laws; that to meet this appropriation $238,243 shall be transferred from the following projects in the amounts set forth below, said sums representing excess bond proceeds not needed for the completion of the respective project: Amount Project Date/Article Number Date of Bonds $ 9,950 Lake Cochichewick May 6, 1991 (Article 12, Section 20) June 15, 2001 $ 10,249 Sutton Hill May 4, 1992 (Article 8, Section 29) June 15, 1995 $ 103,884 Ozone Generator May 2, 1994 (Article 9, Section 12) Jan. 15, 1997 $ 96 Raw Water Wet Well May 2, 1995 (Article 11, Section 16) Sept. 1, 1998 $ 139 4 Wheel Drive Vehicle May 10, 2004 (Article 11, Section 19) June 15, 2005 $ 113,925 Bear Hill Reservoir May 10, 2004 (Article 11, Section 22) June 15, 2005; that $10,530 shall be transferred from the following projects in the amounts set forth below, said sums representing amounts raised and appropriated from the tax levy for each project that are not needed for the respective project: Amount Project Date/Article Number $ 1,952 Carbon Filter Replacement June 14, 2000 (Article 14, Section 18) $ 5,927 Retile Floors June 14, 2000 (Article 14, Section 19) $ 2,538 Water Main Engineer June 14, 2000 (Article 14, Section 17) $ 113 Surface Agitation System June 14, 2000 (Article 14, Section 20); that the Treasurer with the approval of the Board of Selectmen is authorized to borrow $5,532,288 under Chapter 44 of the General Laws and/or Chapter 29C of the General Laws or any other enabling authority; that the Treasurer with the approval of the Board of Selectmen is authorized to borrow all or a portion of such amount from the Massachusetts Water Pollution Abatement Trust established pursuant to Chapter 29C and in connection therewith to enter into a loan agreement and/or security agreement with the Trust and otherwise to contract with the Trust and the Department of Environmental Protection RECOMMENDATIONS: BOARD OF SELECTMEN: FAVORABLE ACTION FINANCE COMMITTEE: FAVORABLE ACTION PLANNING BOARD: FAVORABLE ACTION VOTED JUNE 5, 2006